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Dow opens 40 pts higher as chip stocks tumble despite Hormuz deal optimism

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Dow opens 40 pts higher as chip stocks tumble despite Hormuz deal optimism

US stocks rose on Thursday as investors leaned optimistic on a potential deal to reopen the Strait of Hormuz. The gain was partly offset by weakness in technology shares after the latest corporate earnings reports.

Analysis

US stocks rose on Thursday as investors leaned optimistic on a potential deal to reopen the Strait of Hormuz. The gain was partly offset by weakness in technology shares after the latest corporate earnings reports.

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